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Sunday, September 21, 2008

Federal Bailouts Too Little, Too Late

I realize that figures like $700 billion hardly seem like too little but the fact is: For most working class Americans and impoverished people around the world $700 billion is nothing like the amount of money it will take to save the World Economy. From today's news:

"WASHINGTON The Bush administration insisted on Sunday that Congress must move quickly to approve what one lawmaker called the "mother of all bailouts" - a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation's credit markets." Please continue reading.